|
How high bank officers’ income indeed?
After receiving sky high Tet bonuses, bank officers now are going to get the 2011 income’s back pay. Analysts believe that this sum of money, in fact, is the Tet bonus. However, bank officers have to get the bonus at different moments in order to avoid criticism.
For the last several years, banks have become the object of public’s criticism. While other businesses incur loss because they have to bear overly high financial costs, banks still charge sky high interest rates and earn fat profits. Businessmen have accused banks of “living on the misery of businesses.”
“Living on salaries, getting rich on bonuses”
These are the words regularly heard among bank officers. Banks now apply a special payment mechanism. Every month, officers only get a part of he total salaries they can get. The remaining money will be given some other time, possibly at the end of the year, or early the next year.
As for joint stock banks, the monthly income given to staff is just equal to 40-50 percent of the total salary fund. The figure seems to be no higher than 70 percent at all banks.
An officer of Vietinbank revealed that like other banks, Vietinbank builds up a fixed salary fund every year based on the profits. The money bank officers get every month is the “pay in advance.”
In 2011, Vietinbank officers got the “pay in advance” equal to 50 percent of the total salary fund. For example, if an officer has the monthly income of 20 million dong a month, he would get 10 million dong every month. Besides, he would also get bonus for Tet holiday, monthly and quarterly bonuses.
If the total salaries and bonuses the officer gets by the end of the year are still lower than 20 million dong a month, the officer would get the arrears early the next year. For example, if he gets 15 million dong a month by the end of the year, he would get 60 million dong after Tet.
“In the banking circle, the concept “Tet bonus” does not exist,” the officer said. “We only know the total income we will get. And we will get the sum of money at that time, or some other time.”
The Q4 finance report of Vietinbank showed that the average salary of the bank officer is 20.27 million dong a month, while the average income is 20.76 million dong a month. The total pretax profit of Vietinbank in 2011 was 8105 billion dong, while the total wage fund was 4402 billion dong.
Asked about the expected pay arrears, bank officers believe that the sums of money would be even higher than the last year. An excellent officer of BIDV expects to receive 100 million dong in arrears.
Bank managers evade question
Asked about the special pay mechanism, Le Duc Tho, Deputy General Director of Vietinbank, denied the information.
“This is just a rumor. We pay exactly what officers deserve to get. There is no back pay mechanism,” Tho said.
Tho went on to say that banks cannot ignore the current regulations and apply a special mechanism for themselves. “The current regulations on paying salaries to workers in state owned enterprises are very strict. We always make information transparent,” he said.
Meanwhile, some analysts comment that banks cannot admit the special mechanism, or they would be criticized for this. While bank officers have sky high income, garment workers get the income which is not enough for basic needs.
Nguyen Tien Tung, Deputy Chief Inspector of the Ministry of Labor, War Invalids and Social Affairs, said that he cannot make conclusion about the issue until an inspection is carried out. However, Tung said that most of the banks propose to pay high to their officers to retain qualified workers.
vietnamnet
|
